Document Automation ROI – How do you measure it?
Often when people think about a Document Automation Solution, they like the idea of it, and may even be aware of the business benefits, but they struggle to justify the ROI from the technology.
Our ROI calculator will help you evaluate how much time you currently spend on Document Automation per month, and how much time you could save with an effective Document Automation Solution.
Before you dive right in, take a look at the short video below which highlights some questions you should ask yourself if you’re thinking about implementing a Document Automation Solution across your business.
Lots to consider! Now the fun part, use the slider tool below to illustrate the average effort to create one of your documents and how many documents you create in the average month. As you’re averaging out lots of different formats and content, don’t worry too much about being accurate; feel free to try various scenario’s or, if it’s easier, think about each main document one at a time and do a little mental arithmetic to add up all those savings. You’ll see there are some minimum values there too. Document Automation probably isn’t viable for anything less than this.
Average Manual Draft Effort (hours):
Average Documents per Month:
Hours without Document Automation:
Hours per month with Document Automation:
With Document Automation you could have saved hours this month!
Please remember our ROI calculator is a basic tool, to try and help you appreciate what you could be saving – we have a far more complex and detailed tool that we typically use when working with our Clients.
The tool doesn’t take into consideration the real, additional financial savings you can make by mitigating risk and improving the quality of your documents.
The tool looks at effort only and doesn’t take into account the associated staffing costs you’ll save. It also doesn’t consider those adoption and running costs mentioned earlier. These can vary considerably dependant on the actual solution that is right for you.
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